Sony released its performance targets for the next three years. It said that its total revenue would reach 10.34 trillion yen by the end of March 2018 in the 2017 fiscal year, of which, except for the mobile communication business, all showed significant operating profits. Sony said that its electronic equipment division's revenue will grow by 69% in the next three years, while its film and TV program revenue will increase by 30%.

Sony said that in fiscal year 2017, 63% of the annual revenue of its device business will come from camera components and image sensors, and Sony plans to become the top supplier of image sensors for smart phones, and to expand vehicle mounted devices and wearable devices.

After the announcement of the electronic business financial target, Sony's share price rose 4.8%, the highest level since April 2011. In addition, Jefferies raised Sony's target share price by 29%, because Sony CFO Kenichiro Yoshida is trying to reduce the influence of the low margin consumer electronics market on performance.

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